Global X US Infrastructure Development ETF
PAVE
735 hedge funds and large institutions have $8.24B invested in Global X US Infrastructure Development ETF in 2026 Q1 according to their latest regulatory filings, with 106 funds opening new positions, 316 increasing their positions, 211 reducing their positions, and 38 closing their positions.
179% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 38
98% more call options, than puts
Call options by funds: $8.23M | Put options by funds: $4.16M
50% more repeat investments, than reductions
Existing positions increased: 316 | Existing positions reduced: 211
17% more funds holding in top 10
Funds holding in top 10: 23 → 27 (+4)
16% more capital invested
Capital invested by funds: $7.1B → $8.24B (+$1.14B)
8% more funds holding
Funds holding: 679 → 735 (+56)
0.35% less ownership
Funds ownership: 71.37% → 71.01% (-0.35%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$141M |
| 2 |
KIM
Kestra Investment Management
Austin,
Texas
|
+$105M |
| 3 |
JP Morgan Chase
New York
|
+$87.2M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$61.1M |
| 5 |
LPL Financial
San Diego,
California
|
+$54.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIB
First Interstate Bank
Billings,
Montana
|
-$23.4M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$22.6M |
| 3 |
Mercer Global Advisors
Denver,
Colorado
|
-$15.9M |
| 4 |
SFGP
Stonebridge Financial Group (Pennsylvania)
Wormleysburg,
Pennsylvania
|
-$15M |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$14.7M |
PAVE Hedge Fund Activity: Q1 2026 in Review
735 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Global X US Infrastructure Development ETF (PAVE) for Q1 2026, worth a combined $8.24B — up 16% from $7.1B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new PAVE positions and 38 closed out — a net gain of 68 holders — while 316 added to existing stakes and 211 trimmed.
The largest buyer was Harel Insurance Investments & Financial Services, adding an estimated $141M. The largest seller was First Interstate Bank, cutting an estimated $23.4M.
- 735 institutional investors held Global X US Infrastructure Development ETF (PAVE) as of Q1 2026, up from 679 in Q4 2025.
- Funds reported $8.24B of Global X US Infrastructure Development ETF stock for Q1 2026, up 16% quarter-over-quarter.
- 106 funds opened new Global X US Infrastructure Development ETF positions in Q1 2026 and 38 closed out, a net change of +68 holders.
- The largest Global X US Infrastructure Development ETF buyer in Q1 2026 was Harel Insurance Investments & Financial Services, an estimated $141M added.
- The largest Global X US Infrastructure Development ETF seller in Q1 2026 was First Interstate Bank, an estimated $23.4M sold.
Based on aggregated 13F filings for Q1 2026.